BHNG Enters into LOI to Acquire Cutting-Edge Patents and Intellectual Property
Bhang Inc. to Expand Portfolio with Acquisition of BC Corp
Las Vegas-based cannabis IP company, Bhang Inc., has announced its intention to acquire 1352135 B.C. Ltd. (BC Corp) in a bid to expand its portfolio beyond chocolate and edible cannabis brands. The acquisition will provide Bhang with access to minor-cannabinoid, cannabis, THC, and psychedelic-related patents and intellectual property, which will be pivotal in the development of new products and proprietary delivery methods.
Bhang’s Interim CEO, Graham Simmonds, said the acquisition was an exciting step for the company, which is focused on enhancing and complementing consumer happiness, lifestyle, and well-being. “This proposed acquisition is an exciting step on that path, bringing new IP into the Bhang portfolio, and putting us in a position to leverage our global brand recognition,” he said.
The move comes as the cannabis industry continues to grow, with more states legalizing the use of marijuana for both medicinal and recreational purposes. Bhang has been at the forefront of this growth, with a portfolio of award-winning products that have gained recognition across the globe.
The acquisition of BC Corp will allow Bhang to expand its product offerings and capitalize on the growing demand for cannabis-related products. The company is committed to developing innovative products that are designed to enhance the lives of its customers, and the acquisition of BC Corp will help it achieve this goal.
Bhang’s acquisition of BC Corp is subject to regulatory approval and is expected to be completed in the coming months. The company is confident that the acquisition will be a success and is looking forward to expanding its portfolio and continuing to innovate in the cannabis industry.